UK's Electric Vehicle grant extended until March 2018

Around 50,000 people have taken advantage of the plug in vehicles grant since its introduction in 2011, with the choice of available qualifying vehicles in the UK growing fivefold.

The latest extension of the grant is aimed to boost public buy-in to hybrid and electric vehicles over the next few years even further, and promises a financial incentive of up to £4,500 for those that qualify. Transport Minister Andrew Jones said the extension would mean more than 100,000 extra people would gain access to the grant.

"We are determined to keep Britain at the forefront of the technology," said Jones "increasing our support for plug-in vehicles to £600 million over the next 5 years to cut emissions, create jobs and support our cutting-edge industries.”

Starting March 2016, EV and Hybrid cars will be categorised, resulting in two levels of the grant. Cars like the Nissan Leaf with a zero-emissions range of over 70 miles (Category 1), can receive a grant of £4500. Cars with a zero-emissions range less than 70 miles (Category 2 and 3), will qualify for £2500.

The government will also continue to provide grants to help EV owners install charging points in their own homes. The level of this funding currently stands at £700, although it will drop to £500 from March 2016.

Reflecting on the extension of the grants, Nissan GB managing director Jim Wright said: "Today’s decision by government has reaffirmed their commitment to the uptake of ultra-low emission vehicles. This announcement, together with ongoing infrastructure developments, should see the growth and wider deployment of this technology continue.”

Welcome to Desira Group PLC. To optimise your experience, cookie settings on the website are set to allow all cookies. By continuing your journey throughout the website, you consent to this. You can change these settings here.

Desira Group Plc is authorised and regulated by the Financial Conduct Authority, firm reference number:- 687521. Desira Group plc is a Credit Broker not a Lender.
Desira Group Plc is an Appointed Representative of AutoProtect (MBI) Limited for insurance mediation activities. AutoProtect (MBI) Limited is authorised and regulated by the Financial Conduct Authority, firm reference number - 313486.
You can check this on the FCA’s website www.fca.gov.uk or by contacting the FCA on 0300 500 8082.